Philippe CLOSSET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Philippe CLOSSET
Largest movements
- Cash -€5,270
down €5,270 (-37.4%), from €14,091 to €8,821
mainly Net result for the year (-€5,041) and Other debts (-€4,265)
- Receivables within one year -€2,298
down €2,298 (-90.6%), from €2,536 to €237
of which Trade receivables: -€2,536
- Deferred charges and accrued income -€1,752
down €1,752 (-73.8%), from €2,374 to €622
- Tangible fixed assets -€254
down €254 (-17.4%), from €1,461 to €1,207
of which Plant, machinery and equipment: -€140
- Profit (loss) carried forward -€5,041
down €5,041 (-17.7%), from -€28,476 to -€33,517
- Other debts -€4,265
down €4,265 (-12.4%), from €34,497 to €30,233
- Tax, wage and social debts -€399
down €399 (-48.8%), from €817 to €419
- Gross operating margin -€6,164
down €6,164, from €3,225 to -€2,939
- Depreciation -€59
down €59 (-6.9%), from €849 to €791
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,462 | €10,887 | -€9,575 | -46.8% |
| Fixed assets | 21/28 | €1,461 | €1,207 | -€254 | -17.4% |
| Tangible fixed assets | 22/27 | €1,461 | €1,207 | -€254 | -17.4% |
| Plant, machinery and equipment | 23 | €1,346 | €1,207 | -€140 | -10.4% |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Current assets | 29/58 | €19,001 | €9,680 | -€9,321 | -49.1% |
| Amounts receivable within one year | 40/41 | €2,536 | €237 | -€2,298 | -90.6% |
| Trade receivables | 40 | €2,536 | - | -€2,536 | |
| Other amounts receivable | 41 | - | €237 | +€237 | |
| Cash at bank and in hand | 54/58 | €14,091 | €8,821 | -€5,270 | -37.4% |
| Deferred charges and accrued income | 490/1 | €2,374 | €622 | -€1,752 | -73.8% |
| Total equity and liabilities | 10/49 | €20,462 | €10,887 | -€9,575 | -46.8% |
| Equity | 10/15 | -€16,076 | -€21,117 | -€5,041 | -31.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,476 | -€33,517 | -€5,041 | -17.7% |
| Amounts payable | 17/49 | €36,538 | €32,004 | -€4,534 | -12.4% |
| Amounts payable within one year | 42/48 | €36,538 | €32,004 | -€4,534 | -12.4% |
| Trade debts | 44 | €1,223 | €1,352 | +€129 | +10.6% |
| Suppliers | 440/4 | €1,223 | €1,352 | +€129 | +10.6% |
| Taxes, remuneration and social security | 45 | €817 | €419 | -€399 | -48.8% |
| Taxes | 450/3 | €817 | €419 | -€399 | -48.8% |
| Other amounts payable | 47/48 | €34,497 | €30,233 | -€4,265 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €849 | €791 | -€59 | -6.9% |
| Other operating charges | 640/8 | €748 | €727 | -€22 | -2.9% |
| Gross operating margin | 9900 | €3,225 | -€2,939 | -€6,164 | |
| Operating profit (loss) | 9901 | €1,628 | -€4,456 | -€6,084 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €168 | €183 | +€14 | +8.4% |
| Recurring financial charges | 65 | €168 | €183 | +€14 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €1,459 | -€4,639 | -€6,098 | |
| Income taxes | 67/77 | €419 | €402 | -€17 | -4.0% |
| Profit (loss) for the period | 9904 | €1,041 | -€5,041 | -€6,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,041 | -€5,041 | -€6,081 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.